$SLP/ETH 3D (Binance) Descending parabolic curve on support
Updated
Smooth Love Potion is down-trending hard but is approaching strong demand zone and seems to be near reversal!
Risk/Reward= 1:2| 1:3.67 | 1:5.2
Expected Profit= +96.27% | +177.10% | +250.70%
Possible Loss= -48.25%
Fib. Retracement= 0.236 | 0.382 | 0.5
Estimated Gain-time= 5 months
Current Price:
0.00003443
Entry Zone:
0.00003031 - 0.00002279
Take-Profit Targets:
1) 0.00005211
2) 0.00007357
3) 0.00009311
Stop Targets:
1) 0.00001374
Risk/Reward= 1:2| 1:3.67 | 1:5.2
Expected Profit= +96.27% | +177.10% | +250.70%
Possible Loss= -48.25%
Fib. Retracement= 0.236 | 0.382 | 0.5
Estimated Gain-time= 5 months
Current Price:
0.00003443
Entry Zone:
0.00003031 - 0.00002279
Take-Profit Targets:
1) 0.00005211
2) 0.00007357
3) 0.00009311
Stop Targets:
1) 0.00001374
Trade active
First entry filledSmooth Love Potion is following the curve as planned so far, we are loading some more here and we'll be patient enough!
Trade active
All entries were filledSmoothLovePotion kept diving almost stopping us out but somehow managed to bounce back hard yesterday!
Obviously many took profit on supply zone, we'll hold position for now since a falling wedge has been formed.
Trade closed: stop reached
SL hit with -48.25% and -1RSmoothLovePotion was not able to keep up and retraced down to wedge support, that's too bad.
Still expecting a huge recovery at some point so we'll keep an eye on it for a buy back opportunity!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.